‚Aussie Trump‘ invests in Bitcoin as it’s the ‚millennial version of gold‘

‚Aussie Trump‘ invests in Bitcoin as it’s the ‚millennial version of gold‘

Former Australian politician Cory Bernardi sees the demand for Bitcoin “getting stronger.”

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Cory Bernardi — a controversial figure the Sydney Morning Herald has referred to ‚Australia’s Donald Trump‘ — has talked up Bitcoin in between Tweets challenging the results of the U.S. presidential election. 

In a Nov. 11 Tweet, Bernardi stated he had become a Bitcoin (BTC) convert “in the last couple of years” and saw the demand for the cryptocurrency “getting stronger.” He cited Bitcoin bull Anthony Pompliano’s views as being “on the ball” regarding Bitcoin.

“My conclusion is it is the millennial’s version of gold,” stated Bernardi. “Still see risks attached but are basically the same as other asset classes — leg, confidence and demand.”

Bernardi served as a senator for South Australia from 2006 to 2020, and is known for his highly conservative and reactionary views. He has spoken out against women serving in the military and has campaigned on hot-button political issues around Islam, the burqa and terrorism. Following Bernardi’s departure from the government, he set up a website which includes financial advice.

Despite Bernardi’s controversial views founder of the Nuggets News crypto education site Alex Saunders said the comments were the continuation of a shift when it came to high profile figures talking about crypto.

“A couple of years ago [talking positively about Bitcoin and crypto] was taboo,” Saunders told Cointelegraph. “You had career risk, people were worried about the volatility. They thought it was only used for nefarious purposes.”

“I think we’ve passed that point now. The genie’s out of the bottle. People understand it — whether it’s Paul Tudor Jones, Stan Druckenmiller, even Warren Buffett talking about gold. The times are changing […] The way we think about money and the way people save money is being challenged.”

Saunders said the Reserve Bank of Australia’s recent announcement of a $100 billion quantitative easing program (AKA „money printing) was a potential reason investors from more traditional finance backgrounds might be turning to cryptocurrency.


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Former Australian politician Cory Bernardi sees the demand for Bitcoin “getting stronger.”

Prominent Nigerian Politician Calls for Legal Framework for Cryptocurrencies

Prominent Nigerian Politician Calls for Legal Framework for Cryptocurrencies

The speaker of the Nigerian House of Representatives has called on legislators to form a legal framework for cryptocurrencies

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Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country.

According to a report by Nigerian news daily Daily Post on July 23, Gbajabiamila wants the country to develop clear regulations for digital assets so that the country does not get left behind as cryptocurrencies become more widely adopted. 

Speaking at a visit by the board of the Nigerian Deposit Insurance Corporation (NDIC), Gbajabiamila said:

“On the issue of cryptocurrency, I think blockchain technology is novel and coming up strong. We don’t want to be left behind. […] I think the world is taking the issue of cryptocurrency and block-chain technology seriously. We don’t want to be left behind, and we have to take it seriously.”

Gbajabiamila noted the House’s readiness to develop relevant legal frameworks for the emerging technology and asset class. 

In addition to blockchain and cryptocurrencies, the lawmaker also spoke about the role of the NDIC and creating well-defined and separate competencies between it and the country’s central bank. The speaker said that the House would expand the NDIC’s statutory functions, and ensure that its roles did not overlap with those of the Central Bank of Nigeria.

The NDIC, much like the American Federal Deposit Insurance Corporation, provides an insurance safety net for depositors in Nigeria’s recently liberalized banking sector. 

Earlier this year, Nigeria’s financial watchdog agency, the Economic and Financial Crimes Commission (EFCC), received a petition alleging that Estonia-based crypto firm Paxful Inc. defrauded thousands of Nigerian investors out of millions of dollars worth of cryptocurrencies through arbitrary account closures.

Paxful subsequently denied the allegations, claiming that, “all accounts that have been shut down have a reason for it. We will not shut down any account unless they violate our TOS (Terms of Service).”


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The speaker of the Nigerian House of Representatives has called on legislators to form a legal framework for cryptocurrencies

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says

Russian politician Anatoly Aksakov said that the government has no plans to legalize Facebook’s long-awaited Libra stablecoin

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Chairman of the Russian State Duma Committee on Financial Market Anatoly Aksakov has said that Facebook’s forthcoming cryptocurrency Libra will not be legalized in Russia, local news outlet TASS reported on June 18.

Aksakov stated that Russia will not legalize the use of Facebook’s Libra cryptocurrency which the company intends to roll out in 2020, because it may pose a threat to the financial system of the country. Aksakov also stressed that Russia has no plans to adopt legislation “which provides space for the active use of crypto tools created in the framework of open platforms, blockchains.”

Aksakov’s statements would seem contradictory to those of Deputy Finance Minister Alexei Moiseev, who said that the country’s major cryptocurrency bill “On Digital Financial Assets” could be adopted in the next two weeks.

According to Aksakov, people will be able to purchase Libra on foreign financial platforms, while the creation of similar mechanisms in Russia will be strictly limited:

„In theory, we should talk about the possibility of organizing all kinds of exchanges, trading platforms and sales of such currencies. We, I believe, will limit or prohibit the creation of such sites. Those who want to acquire these tools using foreign legislation can do it at their own risk.”

Regulators in other countries are also concerned about the issuance of Facebook’s native digital currency. Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee requested that Facebook halt development on its crypto.

“Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action,” Waters said.

The French Minister of the Economy and Finance Bruno Le Maire said that he intends to “ask for guarantees” from Facebook in regard to Libra. Le Maire stated that Libra is an “attribute of the sovereignty of the States” and should “remain in the hands of the States and not of the private companies which answer to private interests“.

Facebook released the white paper for Libra, which states that the coin will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.


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Russian politician Anatoly Aksakov said that the government has no plans to legalize Facebook’s long-awaited Libra stablecoin